Simple and Compound Interest Questions

Multiple choice
  1. (i) $Rs.88500$ (ii) $Rs.94080$
  2. (i) $Rs.88897$ (ii) $Rs.89326$
  3. (i) $Rs.94990$ (ii) $Rs.74680$
  4. (i) $Rs.74680$ (ii) $Rs.94990$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

For (i) compounded annually: A = 75000 * (1 + 0.12)^1.5. For (ii) compounded half-yearly: A = 75000 * (1 + 0.06)^3. Calculating these gives approximately 88897 and 89326 respectively.

Multiple choice
  1. $Rs. 4500$
  2. $RS. 4200$
  3. $Rs. 4000$
  4. $Cannot\ be\ determine$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Scheme A earns 3600 at 12% simple interest for 2 years, so the amount invested in A is 15000. Thus, 20000 was invested in B, and its two-year compound interest at 10% is 20000(1.1^2 - 1) = 4200, so option B is correct.